Fintus acquires fellow German fintech Finstreet
The acquisition follows an investment from AnaCap Financial Partners into Fintus.
Europe
Swiss payment app Twint taps NetGuardians for fraud prevention boost
Software leverages behavioural analytics, machine learning and artificial intelligence to detect anomalous payments.
SME insurtech Superscript lands £45m Series B
The funding will be used to develop Superscript’s underwriting and broking capabilities.
Progressive Building Society taps Jade ThirdEye to fight financial crime
Progressive says it wants to enhance its ability to detect money laundering and financial crime.
Africa’s Flutterwave reportedly in bid to acquire British fintech Railsr
An insider reportedly told Sky News that there was “heavy competition for the asset”.
Coinbase to cut 950 jobs and shut down several projects
Coinbase CEO and co-founder Brian Armstrong says he is “still optimistic about our future and the future of crypto”.
Nordic bank DNB automates chat traffic with Boost.ai virtual agents
The bank says deploying Boost.ai’s solution has led to an increase in customer satisfaction scores.
Decentralised paytech Clowd9 taps Netcetera as payment security provider
Netcetera’s 3D secure server solution reduces the risk of non-authenticated transactions.
Ex-Nordea exec Erik Zingmark joins Loomis Pay as CEO
Zingmark joins Loomis Pay from Nordea, where he worked for over eight years in various roles.
The Nottingham appoints Anthony Murphy as CFO
Murphy will join NBS in March, leading the firm’s finance team and tasked with driving its strategic growth.
Global fintech funding saw dip in 2022, says Innovate Finance report
The US saw the highest number of fintech funding in 2022 at $39 billion, followed by UK and India.
Zodia Custody names Julian Sawyer as its new CEO
Sawyer has previously served as CEO of cryptocurrency exchange Bitstamp, and was co-founder of Starling Bank.
Funding Circle appoints Steve Allocca as US managing director
Prior to Funding Circle, Allocca was chief operating officer (COO) at small business banking provider BlueVine.
Mortgage tech firm Twenty7tec acquires Broker Sense and Meet Parker
The deals follow Twenty7tec’s acquisition of fellow UK fintech Bluecoat Software in June last year.
Finnish crypto firm Coinmotion lands Bank of Spain authorisation
The Bank of Spain has initiated registration for crypto providers as it seeks to clamp down on money laundering.
Challenger bank N26 sees changes in leadership structure
N26’s CFO and interim COO Jan Kemper has jointly agreed with the bank to step down from his role.
Swift names Stephen Grainger as chief executive for Americas and UK
Grainger brings 20 years of banking and payments experience to his new role.
Cross-border paytech Cornerstone sheds e-money subsidiary in £600k deal
Cornerstone CEO James Hickman says the deal “reflects the value of an e-money registration as well as our platform”.
Welcome.Place, Enfuce, Epassi, Visa partner for refugee prepaid card pilot
The goal is to provide a service that assists 50,000 Ukrainian and other refugees by the end of 2023.
Coinbase lands virtual asset provider licence from Central Bank of Ireland
Coinbase’s Ireland operations will also now be headed up by Cormac Dinan, its new country director.
Twig acquires banking services provider Vybe
With Vybe’s acquisition, Twig plans to expand its Gen Z market footprint.
Caixa Geral de Depósitos taps Wolters Kluwer for regulatory compliance
CGD, Portugal’s largest bank, will leverage the Finance, Risk & Regulatory Reporting (FRR) service from Wolters Kluwer.
UK’s Recognise Bank secures £25m funding from PV27
The fresh funding brings Recognise Bank’s total funding to date to over £95 million.
Cboe Clear Europe hires Vikesh Patel as president
Patel joins from interbank cooperative Swift, where he was most recently head of securities.
Nine UK banks link up to form company protecting access to cash
The company’s aim is to provide cash access, deposit and basic banking services where they are needed, across the UK.
Monex Europe hires Tim Philip as global operations director
Prior to joining Monex, Philip spent seven years as global chief operating officer at fintech firm Salary Finance.
Mangopay appoints Carlos Sanchez Arruti as CFO
Arruti joins from Amazon and brings more than two decades of experience to the role.
The Bank of London names Gavin Hewitt as new chief financial officer
Hewitt will lead the firm’s accounting, finance and corporate treasury operations.
JP Morgan invests in Indian paytech ISG, buys stake in Viva Wallet
JP Morgan is aiming to enhance digital transactions for its corporate clients in APAC and Europe.
UK regulators fine TSB £48.6m over “operational resilience failings”
The FCA says technical failures in TSB’s IT system led to customers being unable to access banking services.
LSEG looks to boost post trade offering with Acadia acquisition
The deal is the latest in a string of acquisitions for LSEG this year.
Solaris shakes up management board as it strives for profitability
The move is linked to a new target operating model and the firm’s new CEO, Carsten Höltkemeyer.
New CFO at Swiss fintech Crealogix
Christophe Biollaz joins Crealogix on 1 February 2023 and replaces Daniel Bader, who is leaving the firm.
ING CTO Ron van Kemenade to join Lloyds as COO next year
He will take up his new role at the UK bank in June 2023 subject to regulatory approval.
UK fintech Updraft secures £108m debt and equity funding
The money will be used to invest in new products and to support business growth.
Women in financial services: Bhavna Saraf of Lloyds Banking Group
We chat with Lloyds’ Bhavna Saraf about her banking journey, current payments trends and more.
New fintech start-up Step Fourth launches in the UK
Step Fourth says its first product offering, Blue Nova, will be ready for deployment in 2023.
Acin lands $24m in Series B funding from global banking heavyweights
The round was led by a consortium comprised of JP Morgan, Citi, BNP Paribas, Barclays and Lloyds.
It’s crunch time for open banking in the UK
The UK government and regulators have a golden opportunity to set open banking on a path to success.
BaaS fintech Griffin hires Sameer Dubey as chief product officer
Dubey brings 15 years of experience in financial services to the role.
